Consider the four major reasons for new business failure. What actions can entrepreneurs take to minimize or avoid each cause of failure?
Answer to relevant QuestionsThe U.S. automotive industry is well established, with several large and many small competitors. Describe the unexploited niches in the U.S. auto industry and tell how entrepreneurs could offer products that fill those ...Describe the five alternatives to job specialization. What is the advantage of each, as compared to specialization? Consider the list of jobs below. In your opinion, what is the appropriate span of management for each? Describe the factors you considered in reaching your conclusion. • A physician practices medicine in a privately-owned ...Describe the basic forms of organization design. What are the advantages and disadvantages of each? According to one industry analyst, “in a scale business . size does matter.” What does he mean by “a scale business?” Why is the airline industry “a scale business?” Once you’ve thought about these two ...
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